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Nov 12, 2012
11/12
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southern california, pacific gas and mike are reading pieces to replace our hopes on a 50 year cycle. the testimonies power poles on average. on average 50 years. they replace poles on a 775 year cycle. they put up about three dozen polls a year, so the power poles today if nothing changes supposedly will have two last until 2775. now if you're a competitive business, you don't reinvest in the business. you don't replace equipment as it wears out. you go broke. if you're a monopoly utility, the disaster comes for a much powerful collapse for me so you need emergency rate increase. .. that happened after these blackouts did they make a difference or is it just a lot of lip service? >> i think this is a fundamental problem the utility boards are insulated and when i first wrote about this in the early 1970's the utility boards that i dealt with at least had some people that were directly connected to the industry sometimes they get knowledgeable critics. they had a brilliant businessman who died recently and probably made himself a millionaire before he died who were critics of the indu
southern california, pacific gas and mike are reading pieces to replace our hopes on a 50 year cycle. the testimonies power poles on average. on average 50 years. they replace poles on a 775 year cycle. they put up about three dozen polls a year, so the power poles today if nothing changes supposedly will have two last until 2775. now if you're a competitive business, you don't reinvest in the business. you don't replace equipment as it wears out. you go broke. if you're a monopoly utility, the...
146
146
Nov 12, 2012
11/12
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CSPAN2
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, the only people in california besides the l.a. times that's been tough on the bulletin who says the eeoc doesn't stand for public utility commission because they are in the industry he calls it the profit upkeep commission. >> host: some of the rhetoric samples interesting to me, the section on the 401k and retirement, what do you find that you would like to talk about briefly but also is there a lesson we could do as individuals? >> guest: if everybody knew how to invest money the average job would pay wages and it's absurd. for all of my education and knowledge of the chicago school and not an economist and i've written about finance i'm not a good investor i just don't spend less than you make. but efficient way to take care of people's old age which there is no use gaping is through defined benefit pension plans and year the industry say we have to get rid of these they are not predictable. you can buy in individually defined pension plan called the insurance company and say i am this age i want money at this age come here is
, the only people in california besides the l.a. times that's been tough on the bulletin who says the eeoc doesn't stand for public utility commission because they are in the industry he calls it the profit upkeep commission. >> host: some of the rhetoric samples interesting to me, the section on the 401k and retirement, what do you find that you would like to talk about briefly but also is there a lesson we could do as individuals? >> guest: if everybody knew how to invest money...
144
144
Nov 11, 2012
11/12
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CSPAN2
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in california there's a group called turn. the utility reform network. been around for 30-some years. in oregon, citizen utility board. one of those in i believe in illinois. here in washington, the former general counsel of the regulatory commission has been trying to get the regulatory commission to stop being a complete tool of the companies that it regulates, particularly the pipeline companies, and they have at ever turn blocked him and said you have no right to intervene, we don't have to listen to what you say, we don't care what facts you come up with, a total disregard for the consumer and what happens at that commission is people come in from the industry and leave and become senior executives at the companies they just handed your money too. >> host: for a year they can't go back and lobby. >> guest: i say to you, jayne, you tell the collegeman this because i can't talk to him for a year. >> host: right. so, that's what consumers can do. what would you like to see state legislatures do? on some of the different issues. some of the. >> guest: i
in california there's a group called turn. the utility reform network. been around for 30-some years. in oregon, citizen utility board. one of those in i believe in illinois. here in washington, the former general counsel of the regulatory commission has been trying to get the regulatory commission to stop being a complete tool of the companies that it regulates, particularly the pipeline companies, and they have at ever turn blocked him and said you have no right to intervene, we don't have to...
104
104
Nov 18, 2012
11/12
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>> guest: public citizen has done a lot of good work to push this in california. there is a group called turn, the utility reform network. in oregon a group called cubs. one of those in illinois. here in washington the former general counsel of the federal energy regulatory commission, gordon gooch has been trying to get regulatory commissions to stop the a complete tool of the companies it regulates. they have at every turn blocked them and said he had no right to intervene. we don't have to listen to what you say. we don't care what you come up with a total disregard for the consumer. what happens is people coming from the industry and leave them become senior executives of the companies they just handed your money too. so all you do as i say to you, you go tell the congressmen this because i can't talk to them for a year. >> host: okay, so that's what consumers can do. what would you like to see state legislatures do at some of the different issues? what would be the most important things? >> guest: if every state had a consumer advocate office, well-funded off
>> guest: public citizen has done a lot of good work to push this in california. there is a group called turn, the utility reform network. in oregon a group called cubs. one of those in illinois. here in washington the former general counsel of the federal energy regulatory commission, gordon gooch has been trying to get regulatory commissions to stop the a complete tool of the companies it regulates. they have at every turn blocked them and said he had no right to intervene. we don't...